Core inflation spiked 2.9 percent over the last 12 months, essentially flattening wage gains that had edged into the last several months’ economic reports. The July jump is the biggest pick-up the index has seen in a decade, and is considered another piece of evidence that...
The United States economy added more jobs than had been expected in June, with manufacturing gains notable in terms of verticals. Reuters reported Friday that gains in the employment rosters also show traction in inflation, which means that rate increases are still on the horizon....
Watch out for falling … oh, wait, rising interest rates. Federal Reserve Bank of New York President William Dudley said on Wednesday (April 18) that smaller banks, notably community banks, may see rising risk in the face of rising rates. Dudley, reported Reuters, stated that...
August 17, 2018
Consumer sentiment – at least as measured by one gauge – has hit a low not seen in almost a year. As noted by CNBC on Friday (Aug. 17), the University of Michigan’s initial reading of consumer sentiment, via its index, hit 95.3 this month. That preliminary reading missed the 98 that economists had projected, […]
August 13, 2018
Core inflation spiked 2.9 percent over the last 12 months, essentially flattening wage gains that had edged into the last several months’ economic reports. The July jump is the biggest pick-up...
April 19, 2018
Watch out for falling … oh, wait, rising interest rates. Federal Reserve Bank of New York President William Dudley said on Wednesday (April 18) that smaller banks, notably community banks,...
